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You are the bookkeeper for a small transportation service. Your company recently purchased a new vehicles to expand its fleet. The company took out a
You are the bookkeeper for a small transportation service. Your company recently purchased a new vehicles to expand its fleet. The company took out a $25,000 bank loan to acquire the vehicle. Which explains the effect of this $25,000 business loan on the Accounting Equation?
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College Accounting
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
11th edition
978-1111528300, 1111528128, 1111528306, 978-1111528126
